Baid Finserv Allots 48 Lakh Shares on Full Warrant Conversion

Baid Finserv Limited's Board approved allotment of 48,02,732 equity shares of Rs 2 face value at Rs 15.10 each (Rs 13.10 premium) upon conversion of equivalent convertible warrants, receiving Rs 11.325 per warrant (75% balance) totaling Rs 5.44 crore.

Allotment Breakdown

Promoter group entities Niranjana Properties Private Limited and Dream Realmart Private Limited each received 24,01,366 shares after exercising all warrants originally allotted April 9, 2025. No warrants remain outstanding from these allottees.

Capital and Promoter Impact

Paid-up capital rises from Rs 30.02 crore (15.01 crore shares) to Rs 30.98 crore (15.49 crore shares); promoter/promoter group holding increases from 45.71% to 47.39%.

Source : Equity Bulls

Keywords

BaidFinserv SharesAllotment WarrantsConversion